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Hi,
I came across this article and wanted to share it with you.
http://www.ncbi.nlm.nih.gov/pmc/articles/PMC1646197/pdf/amjph00282-0094.pdf
On many occasions, I heard physicians and medical students wine about the continious decline in doctors' income. Although I agree that cuts in reimbursement are very likely to take place in the near future, and that some specialties have experienced significant pay cut for certain procedures, evidence shows that doctor's salaries back in the "golden" days are very comparable to those of the current days.
For example, using the inflation calculator, I calculated that the average physician's income in 1973 ($45000 in 73 $) is approximately $220k in today's money.
I realize that there are other variables that play into the "lifestyle" equation (such as tuition), but my point is that the average doctor in the 70's wasn't John Rockefeller.
I came across this article and wanted to share it with you.
http://www.ncbi.nlm.nih.gov/pmc/articles/PMC1646197/pdf/amjph00282-0094.pdf
On many occasions, I heard physicians and medical students wine about the continious decline in doctors' income. Although I agree that cuts in reimbursement are very likely to take place in the near future, and that some specialties have experienced significant pay cut for certain procedures, evidence shows that doctor's salaries back in the "golden" days are very comparable to those of the current days.
For example, using the inflation calculator, I calculated that the average physician's income in 1973 ($45000 in 73 $) is approximately $220k in today's money.
I realize that there are other variables that play into the "lifestyle" equation (such as tuition), but my point is that the average doctor in the 70's wasn't John Rockefeller.